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Senior Internal Auditor

Location Boston

Federal Home Loan Bank of Boston (FHLBank Boston) is a leading provider of wholesale funding for housing and community finance serving financial institutions across New England. FHLBank Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

Position Summary

The Senior Internal Auditor is responsible for the timely completion of internal audits in a manner that is consistent with Internal Audit’s audit methodology and the Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing.

The Senior Internal Auditor will plan audits, identify and assess risks and controls, develop audit procedures including data analytics, prepare audit work papers, execute test of controls and data analytics, develop and discuss audit issues with the audit clients, and prepare audit reports. This position must have a solid understanding of the COSO internal control framework and be able to coordinate and communicate other audit team members and business unit team members. In addition, the Senior Internal Auditor may be asked to assist Audit management in certain department operational and reporting responsibilities.

This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. More time will be expected in the office to support onboarding initially.

Specific Responsibilities

+ Evaluate the design and operating effectiveness of the internal controls within the audit scope to provide reasonable assurance that the relevant key risks are mitigated to achieve the business objectives.

+ Assess the economy and efficiency of how Bank resources are employed.

+ Analyze Bank processes and related controls and develop appropriate audit procedures including data analytics to test the key controls identified.

+ Prepare audit work papers according to established department guidelines and industry standards.

+ Present audit issues or other relevant information to Audit Management, Senior Management, and/or the Audit Committee on an as needed basis.

+ Prepare audit reports in accordance with established department guidelines and standards .

+ Provide assistance and guidance to the Bank’s external auditors, as needed.

+ Assist the Chief Audit Officer and the audit managers on special projects and assignments, and certain department operational and reporting responsibilities (e.g., creating charts or graphs for the Audit Committee, maintaining audit status dashboard, monitoring audit budget to actuals, tracking of department goals and progress).

+ Develop and maintain effective interpersonal relationships with Bank staff and management.

+ Continuously develop business, industry, technology, interpersonal, and communication skills.

+ Lead co-sourced internal audits, including gathering requested information and assessing issues identified for validity.

+ Complete SOX controls testing.

+ Other duties, as assigned.

Qualifications:

Knowledge/Skills

+ Proven understanding of risk-based auditing and the COSO Internal Control Integrated Framework is required.

+ Solid knowledge of banking/financial services.

+ Knowledge of Sarbanes-Oxley related requirements.

+ Sound critical thinking and analytical skills.

+ Ability to work with minimum supervision.

+ Ability to develop and execute data analytics.

+ Professional written and oral communication skills.

+ Effective organizational skills and the ability to work within a group.

+ Proficient computer application skills, including Microsoft Office products.

+ Experience with automated audit software preferred.

+ Self-motivated and possess excellent interpersonal skills.

+ Financial statement analysis preferred.

Education

+ Bachelor’s Degree in Accounting or Finance is preferred. Master’s degree a plus.

+ CPA, CIA, or comparable certifications is highly preferred.

Experience

+ Current or prior work experience at a Big 4 accounting firm is strongly desired.

+ Three or more years financial institution (banking experience is highly preferred) audit experience in the following areas:

+ Financial and derivative instruments and capital markets

+ Bank operations

+ Risk identification and assessment

+ Control identification and assessment

+ SOX controls assessment and testing

+ Financial statement preparation

+ SEC Reporting

+ Data Analytics

The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

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